EToro Launches Staking Solana And Ethereum, New Opportunity For Crypto Investors

EToro slides Solana and Ethereum staking (Photo; Doc. Bitcoinwisdom)

JAKARTA - eToro, a trading platform, is now offering staking services for two popular crypto assets, Solana (SOL) and Ethereum (ETH). This move provides new opportunities for users to get returns in an easy and secure way.

Previously, eToro staking services only included Cardano (ADA) and Tron (TRX). With the addition of Solana and Ethereum, users now have more options to get yields through staking. Solana users are automatically registered in staking when opening positions, while Ethereum users must actively register to follow the staking program.

Untuk memenuhi syarat mendapatkan imbal hasil staking, pengguna harus berada di negara yang memungkinkan staking dan mempertahankan posisi mereka selama periode tertentu yang disebut intro days. Posisi yang ditagang melalui CFD, CopyTrad, Smart Portfolios, atau posisi short tidak memenuhi syarat untuk imbal hasil.

eToro will handle the entire staking process for users, making sure everything runs easily and safely. Qualified users will get a monthly update about their staking returns and calculations behind them. Users also have the option to exit at any time.

EToro staking services are not available to users in Germany, the United States, or some users in the UK. In the UAE, users can stake Cardano, Solana, and Ethereum, where Solana staking will also be available in Australia starting August 1, 2024.

Quoted from Coinspeaker, Adi Lasker Gattegno, Director of Crypto Desk eToro, emphasized the importance of staking for proof-of-stake-based blockchains such as Solana and Ethereum. According to him, staking increases transaction security and provides opportunities for investors to earn returns from their crypto investments.

Staking offers yield potential but also involves risk. eToro will take part of the staking yield to cover operating costs and compliance. Users can gain between 45% to 90% of the staking yield, depending on their eToro Club level and at staked asset conditions.

Staking risk includes reduced asset liquidity and value fluctuations during the staking period. In addition, if blockchain validators violate protocol rules, the network can impose penalties by confiscating some of the at stake assets. eToro advises users to understand and consider the risks associated with staking.